Bank of Baroda today announced the launch of the bob Monsoon Dhamaka Deposit Scheme, a special term deposit product offering higher interest rates. The bob Monsoon Dhamaka Deposit Scheme is available in…
Author: John Davis
BNW quick analysis| Why did inflation rise in June?
The heatwave impact has been seen on vegetables. Wheat production lower according to the market for FY24 which has seen prices move up. These products will continue to witness high inflation.
RBI cautions banks on management of internal accounts
Swaminathan urged CFOs to invest in technology and data analytics which would empower them to provide more accurate and real-time financial insights.
News brief| Finmin asks private sector banks to step up efforts on financial inclusion
In a meeting with bank chiefs, the DFS secretary reviewed private sector banks’ performance and participation in furthering the cause of financial inclusion.
For Malaysia’s Islamic Banks Funding Fix May Be A Five-Year Wait, Report Says
Profitability of Islamic banks could stay lower than the sector in 2024 as well. Elevated deposit rates are exacerbated by intense competition for pricing household loans and financing in Malaysia’s saturated banking sector.
Mashreq appoints Tushar Vikram as Country Head and CEO of India
Mashreq, one of the leading financial institutions in the MENA region, has appointed Tushar Vikram as its new Country Head and CEO of India, starting June 2024. In his new role, Tushar…
Goldman sachs report says India likely to stick to fiscal consolidation in Budget 2024-2025
Goldman Sachs on 8 July said the general government is likely to stick to the announced fiscal deficit target of 5.1% of GDP for FY25 (or even slightly lower) and announce further…
Bandhan Bank Appoints Ratan Kumar Kesh as Interim CEO
Present chief Chandra Shekhar Ghosh is set to retire on July 9 upon completion of his current tenure.
HDFC Bank’s Stock Dips on Soft Business Performance
Early on Friday, HDFC Bank saw its shares decline by more than 3% following a lackluster business update for the first quarter. The bank reported a decrease in both advances and deposits…
Student Loans Are a Burden for Banks, But It’s Not Unexpected
Student loans have become a significant challenge for Indian banks. While banks are eager to lend to students, they struggle to get the money back. According to recent data from the Reserve…